Argentina Considers Wheat Export Caps

Argentina is looking for ways to ensure ample domestic wheat supplies without resorting to shutting down exports, a top official said on Wednesday, as farmers fretted about possible state intervention in the markets.

According to a report atSuccessful Farming, the government, worried about food price inflation,recently tried to limit corn exports, but the idea was beaten back by growers. Now the focus is on wheat, with rumors swirling around the Pampas grains belt that export limits might be on the way.

Argentina is the world's No. 7 wheat supplier. Most of Argentina's wheat exports go to neighboring Brazil, which bought 4.5 million tonnes of it in 2020.